Dialog Group shot up and formed a long white candle in its lastest session. With an RSI level above 60%, it may continue to climb above the resistance price of RM3.55. If this happens, its short-term target price will be RM3.75 followed by RM3.88. Support price is anticipated at RM3.38, whereby traders may exit on a breach to avoid the risk of a further correction.

Trading Call: Buy upon breakout above RM3.55

Target: RM3.72, RM3.88 (time frame: 3-6 weeks)

Exit: RM3.38

Source: AmInvest Research - 15 Aug 2019